According to Zimmer, “Philanthropy is important because it provides opportunities. Philanthropy supports projects and initiatives that may be too unpopular or controversial to gain broad support from the general public or government.” (Zimmer, n.d., Importance par. 1). In a modern democratic society, philanthropy is considered an important source of funds for projects and organizations. As private entities, they are not beholden to anyone or any government, thus having full control over the choice of projects they wish to support. This is the essence of modern philanthropy. This assignment will identify three well-known philanthropists who are the Bill and Melinda Gates Foundation, Warren Buffet and George Soros. It will then provide details on how their wealth has helped make a difference on the global stage. The first notable philanthropists are Bill and Melinda Gates, who through their foundation donated $15 million to provide means to finance new projects. Innovative sanitation solutions around the world. Asian region. Bill Gates achieved his fortune by developing a company called Microsoft Corporations. The company is one of the pioneers to enter the computer software market. That said, a huge sum of his wealth is managed by Cascade Investment LLC and investments in Ecolab and FEMSA. In 2013, the Asian Development Bank, in partnership with the Bill and Melinda Gates Foundation, will finance “more than $28 million in sanitation and non-sewerage management projects across the region over the next five years.” (B&MF, 2014, para 2). The projects that need to be funded are the South Asia Urban Knowledge Hub, the Pilot and Demonstration Activity Facility and the Septage Management in Coastal Towns...... middle of paper ...... and poverty is “simple and little expensive [because] nutrition, health, water, sanitation, education, the status of women, agriculture, communications, roads and electricity can lift rural Africans out of severe poverty” (Harch,2014, para 8). In short, to help solve poverty problems in the sub-Saharan African region, the Open Society Foundation, led by George Soros, contributed $50 million. In short, this post indicates that the Bill and Melinda Gates Foundation, Warren Buffet and George Soros are three of the most renowned modern philanthropist. Through their wealth they have helped support change internationally. From the research undertaken, philanthropists' contributions have helped provide opportunities. With their contributions, they are able to support projects and initiatives that have had difficulty raising funds to support the cause.